OPEC oil price stable above 47 dollars
Submitted by Marina Dimova on Mon, 12/01/2008 - 09:34.
The price for crude oil produced by the Organization of the Petroleum Exporting Countries (OPEC) stood at 47.29 dollars last Friday, 9 cents lower than on the previous day, the cartel announced Monday.
OPEC oil price falls below 45 dollars for the first time since 2005
Submitted by William Kaelin on Fri, 11/21/2008 - 09:22.
Vienna - The price for crude oil produced by the Organization of the Petroleum Exporting Countries (OPEC) fell to 44.06 dollars Thursday, the first time it went below 45 dollars since May 2005.
EU to cover 70% of the expenses on solar energy projects in Bulgaria
Submitted by Martin Nikolov on Fri, 11/07/2008 - 07:12.
By the end of 2020, 16% of the energy used in Bulgaria is supposed to
be from renewable sources according to the requirements of European
Union. The reason is the increasing global warming and pollution, which
determines the need of new ecological technologies to provide for the
increased energy consumption. This exact need opens space for new
business, that is solar installations.
Egyptian natural gas to arrive in Lebanon early next year
Submitted by William Kaelin on Sat, 11/01/2008 - 22:07.Lebanese Energy and Water Minister Alan Tabourian said natural gas shipments to be used for electricity production, will begin to arrive from Egypt to Lebanon at the beginning of 2009, local Lebanese
Chevron reports record profit on oil prices
Submitted by William Kaelin on Fri, 10/31/2008 - 21:42.The second largest US oil company Chevron on Friday reported record third quarter profits as it benefited from high oil prices.
Lukoil executive says Russia should join OPEC energy cuts
Submitted by William Kaelin on Wed, 10/29/2008 - 21:39.The vice president of Lukoil, Russia's largest private oil major, said Wednesday it may be best for Russia to join OPEC in production cuts to bolster oil prices slumping amid the financial turmoil.
Leonid Fedun said joining OPEC could be "only good for Russia."
OPEC crude price rises ahead of expected production cut
Submitted by William Kaelin on Tue, 10/21/2008 - 21:23.The price for crude oil produced by the Organization of the Petroleum Exporting Countries (OPEC) continued to rise Monday, as the cartel is expected to cut production at its meeting on Friday.
One barrel (159 litres) of OPEC crude stood at 64.63 dollars Monday, 1.71 dollars higher compared with 62.92 dollars last Friday.
Exelon offers 6.2 billion dollars for discounted NRG Energy
Submitted by William Kaelin on Mon, 10/20/2008 - 22:33.Giant energy company Exelon Corp, the country's largest utility, has made an uninvited bid to acquire NRG Energy Inc for 6.2 billion dollars, following billionaire investor Warren Buffett's example of buying into the market amidst the slump.
The German car market is facing its worse downturn, the nation's auto industry association warned Wednesday as the deepening sense of economic gloom in the country leads to a shakeout in the industry and the prospects of big job cuts.
A comedy starring Vince Vaughn and Reese Witherspoon as a couple trying to avoid their families at Christmas debuted in first place over the weekend at North American box offices, according to preliminary studio estimates issued Sunday.